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9 Ways To Outsmart An Identity Thief

Identity theft statistics are shocking, to say the least. And it's not going
to get better any time soon. But there is no need for you to become a statistic.
Here is what you can do to avoid identity theft.

1. If your mail box doesn't have a lock yet, put one on.

If you had any official letters missing recently from your mail box, the
chances are somebody has stolen them to find out things about you, and possibly
assume your identity. If it didn't happen to you yet, count yourself lucky
and put the lock on the mail box anyway.

2. Consider renting a PO Box at your local post office. Use it as a postal
address for most or all mail. This will be particularly useful when you go
away for a few days, or if there is no one home for most of the day.

3. Invest in a good paper shredder, preferably a cross-cut type.

You should never just tear up important documents. But what may not be so
obvious is that the pre-filled offers you get from banks, credit card companies,
insurance companies and the like, also contain sensitive details about you
that would be of interest to identity thieves. Shred all of these before
throwing them out.

4. Never give any financial details over the phone, unless you initiated
the call.

The most common scenario: Someone calls you pretending to be from a local
charity. You agree to donate a small amount to a "good cause". Not suspecting
anything, you give them the credit card details over the phone and the rest,
as they say, is history. Next time you get your credit card statement, it
will be full of unauthorized transactions.

Do you give them credit card numbers over the phone? Never! Either ask them
to send you some leaflets in the mail, or get their phone number so you can
verify they are who they say they are, before donating any money.

Another scenario: Someone calls you "from a local bank". All they want to
do is verify your financial details. Again, I don't care what they tell you,
don't do it. Ask them to leave their name and contact number so you can call
them back. Next, get your local bank's phone number from a phone book and
give the bank a call (don't use the number they gave you, as the thieves
maybe just waiting on the other end). Ask people at the bank if someone was
trying to contact you. You may find out they know nothing about it! The fact
is, your bank already has all the details they need about you, in the vast
majority of cases.

5. A fake "charity worker" knocking on your door? He or she may even have
an authentic-looking id. What do you do? Well, if you give them some small
change, then this is all you've lost. But if you donate the money using your
credit card, you just became a victim of identity fraud.

Of course, many times a real charity worker will be knocking on your door.
What do you do if you really want to help? Ask them to leave a leaflet with
you, so you may read it when the time is a bit more convenient. Or ask them
for a phone number and the charity name so you can call them. If it turns
out to be genuine, you can always send them the money later.

6. Consider changing your phone number to a silent number. This will considerably
minimise the number of calls you get from both tele marketers and identity
thieves. There are other advantages to having a silent number as well. Generally
a silent number tends to increase your privacy.

7. Never store you PIN numbers or passwords near you plastic cards or account
details.

Yes, I know. You want to keep your PIN number close to your plastic card,
just in case you forget it. You may even disguise it as another number. Guess
what. If a thief gets hold of your wallet, they will try any numbers they
can find in it, to steal the money from your plastic card account. It's true,
after a few unsuccessful attempts the account is usually locked. But even
that would inconvenience you, to say the least. And why risk losing your
hard-earned money?

8. Don't use credit cards in restaurants or other places where your credit
card can be taken away from your sight for even a minute. Before you know
it, your card could be scanned and used by thieves to buy all sorts of goods,
particularly via telephone shopping, mail order, and online shopping.

Will it guarantee that you never fall a victim? No, but it will go a long
way towards making a life of a thief very difficult. Usually, if you make
life difficult for them they will move on to an easier target.

There is one more thing you should seriously consider. Checking your credit
report regularly. It's not uncommon for an identity thief to apply for a
loan, or a credit card, under your name. Of course, they have no intention
of ever paying it back. All other issues aside, this will affect your credit
rating and borrowing capacity for years, unless you clean it up quickly.

There are inexpensive services available that will monitor your credit files
all year round and notify you the minute anything in your credit file changes.
Or you may prefer to check your credit report yourself every few months.

Oh, and those shocking statistics I mentioned earlier? According to recent
studies, up to 7,000,000 people became a victim of identity theft in the
past 12 months. That's more than 19,000 people a day. Don't become a statistic!
Do something about it today.

Andrew Obremski is the owner of
www.credit-report-a-z.com,
a web site devoted to information about credit reports, identity theft, debt,
and other personal finance topics.

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